Registered number: 08116669 Charity number: 1154340
ISLAMBRADFORD
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
ISLAMBRADFORD
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Trustees' responsibilities statement | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 15 |
ISLAMBRADFORD
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2021
Trustees
M R Chowdhury, Chair M I Chin-Chan A N Akhunzada M A Issat
Company registered number
08116669
Charity registered number
1154340
Registered office
35 Hall Royd, Shipley, Bradford, West Yorkshire, BD18 3ED
Accountants
Philip Shaw & Co, 7 Duke Way, Wakefield, West Yorkshire, WF1 2ER
Page 1
ISLAMBRADFORD
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2021
The Trustees present their annual report together with the financial statements of for the year 1 July 2020 to 30 June 2021. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
Objectives and Activities
a. Policies and objectives
The charity's objectives as set out in the company's memorandum of association are to:
Promote the teachings of Islam in the community.
To provide quality educational and cultural programmes primarily aimed at the Muslim community in the English medium, but open to all faiths and backgrounds.
To engage with other communities in Bradford with a view to increased community cohesion and mutual understanding.
To make positive contributions for the wellbeing of all Bradfordians.
b. Activities for achieving objectives
The pursuit of the aforementioned objectives is manifested through a number of ongoing activities:
Provide facilities for public to fulfil their daily Islamic obligations, ie prayers.
Education classes for various age groups, Saturday classes, lessons in English and Arabic.
Invite renowned speakers to give lectures and hold seminars.
Unified celebration of Islamic festivals, ie Eid and Ramadan.
c. Main activities undertaken to further the charity's purposes for the public benefit
'Fundraising for various issues in support of the local community and wider areas.
Supporting the local community on social issues.
Achievements and performance
a. Review of activities
Increase in the number of regular attendees.
Growth in student base for regular Islamic classes for children making children proficient in Qu'ran and Arabic.
Page 2
ISLAMBRADFORD (A company limited by guarantee)
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2021
Continued growth in fund raising.
b. Reserves policy
Unrestricted funds are maintained at a level which equates to three months expenditure. Restricted funds are held for future charitable development.
Financial review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
Structure, governance and management
a. Constitution
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 22/6/12.
The company is constituted under a Memorandum of Association dated 22/6/12 and is a registered charity number 1154340.
The principal object of the company is to provide education to the public to promote religious harmony and community cohesion.
b. Method of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Plans for future periods
a. Future developments
The charity's aim is to be a exemplary organisation representing Muslim faith in the local community.
This report was approved by the Trustees, on 26 November 2021 and signed on their behalf by:
M R Chowdhury Trustee
Page 3
ISLAMBRADFORD (A company limited by guarantee)
TRUSTEES' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 30 JUNE 2021
The Trustees (who are also directors of Islambradford for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
ISLAMBRADFORD (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2021
Independent examiner's report to the Trustees of Islambradford (the 'company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 June 2021.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Responsibilities and basis of report
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in other to enable a proper understanding of the accounts to be reached.
Signed: Maggie Lee ACCA
Dated: 26 November 2021
Philip Shaw & Co
Page 5
ISLAMBRADFORD
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2021
| Unrestricted funds 2021 Note £ Income and endowments from: 27,554 Fundraising and donations 2 Educational activities 51,410 Total income and endowments 78,964 Expenditure on: 34,499 Direct costs on charitable activities 3 Administration costs 4 49,438 Total expenditure 5 83,937 Net income before other recognised gains and losses (4,973) Net movement in funds (4,973) Reconciliation of funds: Total funds brought forward 426,400 Total funds carried forward 421,427 |
Total funds 2021 £ 27,554 51,410 78,964 34,499 49,438 83,937 (4,973) (4,973) 426,400 421,427 |
Total funds 2020 £ 79,763 38,161 |
|---|---|---|
| 117,924 | ||
| 56,279 46,554 |
||
| 102,833 | ||
| 15,091 15,091 411,309 |
||
| 426,400 |
The notes on pages 8 to 15 form part of these financial statements.
Page 6
ISLAMBRADFORD
(A company limited by guarantee) REGISTERED NUMBER: 08116669
BALANCE SHEET
AS AT 30 JUNE 2021
| Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors:amounts falling due within one year 11 Net current assets Net assets Charity Funds Unrestricted funds 12 Restricted funds 12 Total funds |
£ 3,329 49,213 52,542 (320) |
2021 £ 369,205 52,222 421,427 226,844 194,583 421,427 |
£ 8,528 26,607 35,135 (2,922) |
2020 £ 394,187 32,213 |
|---|---|---|---|---|
| 426,400 | ||||
| 206,925 219,475 |
||||
| 426,400 |
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 26 November 2021 and signed on their behalf, by:
M R Chowdhury
The notes on pages 8 to 15 form part of these financial statements.
Page 7
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
IslamBradford meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Reconciliation with previous Generally Accepted Accounting Practice
In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.
No restatements were required.
1.3 Company status
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
Page 8
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
1. Accounting policies (continued)
1.4 Donations
All donations are recognised once the company has entitlement to the donation, it is probable that the donation will be received and the amount of donation receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
1.6 Tangible fixed assets and depreciation
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.
Page 9
ISLAMBRADFORD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
1. Accounting policies (continued)
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Freehold property 5% straight line - Plant and machinery 20% reducing balance - Fixtures and fittings 20% reducing balance
1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.
1.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.9 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
1.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Page 10
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
2. Income from donations and legacies
| . Income from donations and legacies |
|||
|---|---|---|---|
| Unrestricted funds 2021 £ Fundraising and donations 51,410 Total 2020 38,161 3. Direct costs on charitable activities Activity £ Educational materials and other costs 6,082 Wages and salaries 28,417 34,499 At 30 June 2020 56,279 4. Administration costs Unrestricted Funds 2021 £ Administration costs - Office administration 343 Administration costs - Advertising - Administration costs - Cleaning 45 Administration costs - Telephone 215 Administration costs - Insurance 1,7081 Administration costs - Light and heat 12,418 Administration costs - Repairs and maintenance 9,577 Administration costs - Equipment hire - Administration costs - Accountancy fees 150 Administration - depreciation - tangible fixed assets - Administration - depreciation - property 24,982 49,438 |
Total funds 2021 £ 51,410 38,161 Total 2021 £ 6,082 28,417 34,499 56,279 Total funds 2021 £ 343 - 45 215 1,708 12,418 9,577 - 150 - 24,982 49,438 |
Total funds 2020 £ 38,161 |
|
| Total 2020 £ 13,144 43,135 56,279 |
|||
| Total funds 2020 £ 180 - - - 1,832 9,421 5,640 - 150 4,349 24,982 46,554 |
Page 11
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
5.
Analysis of Expenditure by expenditure type
| Charitable activities Expenditure on governance Total 2020 |
Staff costs Depreciation Other costs 2021 2021 2021 £ £ £ 28,417 - 6,082 - 24,892 24,546 28,417 24,892 30,628 48,135 29,331 30,367 |
Total 2021 £ 34,499 49,438 83,937 102,833 |
Total 2020 £ 56,279 46,554 102,833 |
|---|---|---|---|
6. Turnover
All turnover arose within the United Kingdom.
7. Net income/(expenditure)
This is stated after charging:
| 2021 £ Depreciation of tangible fixed assets: 24,892 - owned by the charity During the year, no Trustees received any remuneration (2020 - £NIL). During the year, no Trustees received any benefits in kind (2020 - £NIL). During the year, no Trustees received any reimbursement of expenses (2020 - £NIL). |
2020 £ 29,331 |
|---|---|
8. Staff costs
Staff costs were as follows:
| 2021 £ Wages and salaries 28,417 The average number of persons employed by the company during the year was as follows: 2021 No. Admin 10 |
2020 £ 43,135 2020 No. 10 |
|---|---|
No employee received remuneration amounting to more than £15,000 in either year.
Page 12
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
9. Tangible fixed assets
| Freehold Plant and Fixtures and property machinery fittings £ £ £ Cost At 1 July 2020 499,649 16,814 105,573 Additions - - - At 30 June 2021 499,649 16,814 105,573 Depreciation At 1 July 2020 105,462 16,814 105,573 Charge for the year 24,982 - - At 30 June 2021 130,444 16,814 105,573 Net book value At 30 June 2021 369,205 - - At 30 June 2020 394,187 - - 10. Debtors 2021 £ Other debtors 3,329 11. Creditors: Amounts falling due within one year 2021 £ Accruals and deferred income 320 12. Statement of funds Statement of funds - current year Balance at 1 July 2020 Income Expenditure £ £ £ Unrestricted funds 206,925 78,964 (59,045) Restricted funds 219,475 - (24,892) Total funds 426,400 78,964 (83,937) |
Total £ 622,036 - 622,036 227,939 24,892 252,831 369,205 394,187 2020 £ 8,528 2020 £ 2,922 Balance at 30 June 2021 £ 226,844 194,583 421,427 |
|
|---|---|---|
Page 13
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
12. Statement of funds
(continued)
Statement of funds – prior year
| Balance at 1 July 2019 £ Unrestricted funds 162,503 Restricted funds 248,806 Total funds 411,309 Summary of funds – current year Balance at 1 July 2020 £ General funds 426,400 Summary of funds - prior year Balance at 1 July 2019 £ General funds 411,309 |
Income Expenditure £ £ 117,924 (73,502) - (29,331) 113,369 (102,833) Income Expenditure £ £ 78,964 (83,937) Income Expenditure £ £ 117,924 (102,833) |
Balance at 30 June 2020 £ 206,925 219,475 426,400 Balance at 30 June 2021 £ 421,427 Balance at 30 June 2020 £ 426,400 |
|---|---|---|
13. Analysis of net assets between funds Analysis
of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year |
Unrestricted Restricted funds funds 2021 2021 £ £ - 369,205 52,542 - (320) - 52,222 369,205 |
Total funds 2021 £ 369,205 52,542 (320) 421,427 |
|---|---|---|
| 52,222 |
Page 14
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
13. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Unrestricted Funds 2020 £ Tangible fixed assets - Current assets 35,135 Creditors due within one year (2,922) 32,213 14. Reconciliation of net movement in funds to net cash flow from operating Net income for the year (as per Statement of Financial Activities) Net cash provided by operating activities 15. Analysis of cash and cash equivalents Cash in hand Total |
Unrestricted Funds 2020 £ - 35,135 (2,922) |
Unrestricted Funds 2020 £ - 35,135 (2,922) |
Restricted funds 2020 £ 394,187 - - |
Total funds 2020 £ 394,187 35,135 (2,922) 426,400 2020 £ 15,091 15,091 2020 £ 26,607 26,607 |
|||
|---|---|---|---|---|---|---|---|
| 32,213 | 394,187 | ||||||
| activities 2021 £ (4,973) (4,973) 2021 £ 49,213 49,213 |
|||||||
16. Related party transactions
There were no related party transactions.
Page 15